US STOCKS-Wall St rises after positive earnings news

* Sears, Lennar shine, topping analyst estimates

* S&P 500 index on track to snap string of losses

* Indexes up: Dow 0.6, S&P 0.6 pct, Nasdaq 0.4 pct

* For up-to-the-minute market news see [STXNEWS/US]
(Updates to late morning, changes byline)

By Chuck Mikolajczak

NEW YORK, Jan 11 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) rose on Tuesday
after several fourth-quarter earnings reports and outlooks came
in higher than expected, putting the S&P 500 index on track to
snap three straight sessions of declines.

Stocks have rallied in recent weeks in part on optimism
about stronger corporate profits, with the S&P up nearly 8
percent since the start of December.

However, the benchmark S&P 500 had lost ground over the
past three sessions, leading some analysts to question whether
stocks had become expensive or if the pullback meant stocks
would climb again as earnings news rolled in.

Sears Holding Corp (SHLD.O: ) rose after the store chain
raised its profit outlook above Wall Street estimates, citing
strong sales. For details, see [ID:nN0550793]

Homebuilder Lennar Corp (LEN.N: ) advanced 5.6 percent to
$19.97 after after posting a fourth-quarter profit (Read more your timing to make a profit.) sharply
higher than expected. [ID:nN10283415]

Alcoa Inc (AA.N: ) posted a quarterly profit that topped Wall
Street’s expectations, though revenue slightly missed the
analysts’ average estimate. The aluminum maker’s shares fell
1.2 percent to $16.28. [ID:nN10272473]

“The earnings this quarter should be pretty decent. The
question is how much of it was already discounted, that is
going to be the real question,” said Marc Pado, U.S. market
strategist at Cantor Fitzgerald & Co. in San Francisco.

“The first companies to report will have coattails and lift
the market overall, but ultimately in the end, the negative
here is that we’ve come a long way since September.”

The Dow Jones industrial average (.DJI: ) rose 63.84 points,
or 0.55 percent, at 11,701.29. The Standard & Poor’s 500 Index
(.SPX: ) gained 7.32 points, or 0.58 percent, at 1,277.07. The
Nasdaq Composite Index (.IXIC: ) added 11.18 points, or 0.41
percent, at 2,718.98.

Alcoa projected a 12 percent rise in demand for aluminum
this year. Some analysts questioned whether the forecast was
realistic. Alcoa shares had risen 24 percent since the start of
December.

Sears stock gained 6.9 percent to $75.50.

But supermarket chain Supervalu Inc (SVU.N: ) tumbled 12.8
percent to $7.49 after posting an adjusted third-quarter profit (Read more your timing to make a profit.)
that missed expectations. [ID:nN11114998]

In economic news, the Commerce Department said wholesale
inventories fell 0.2 percent to a seasonally adjusted $425.5
billion. Economists polled by Reuters had expected a 1 percent
rise in inventories. [ID:nN11122103]
(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)